Base Daily Salary Rate definition

Base Daily Salary Rate. The base daily salary rate shall be determined by dividing the salary in Schedule A or B of this Agreement, for which the teacher is eligible during the last full year of service prior to retirement, by the number of duty days as defined in Article XIII, Section 1.
Base Daily Salary Rate. The base daily salary rate shall be determined by dividing the principal's basic Salary Schedule compensation established by this Contract, for which the principal is eligible during the last full year of service prior to retirement by the number of duty days as defined in Article XIV. Additional compensation for extra-curricular assignments, extended time assignment, summer school assignments, or any other assignments shall not be included when determining a principal's base daily salary rate.

Related to Base Daily Salary Rate

  • Treasury Rate means, with respect to any redemption date, the rate per annum equal to the semi-annual equivalent yield to maturity of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such redemption date.

  • Final average salary means whichever of the following is greater: